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Listed by Mike Baker • Estate Properties
$ 1,050,000
Est. payment /mo
Price Dropped by $50K
1108 East Tucker Street Compton, CA 90221
2,405 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,405 sqft
Price per Sqft $436
MLS Listing ID SB-25074745
Year Built 1941
Lot Size 8,513 Sqft
Property Sub-Type Triplex
Property Description
BACK ON THE MARKET! Welcome to 1108 E. Tucker Street a TRIPLEX completely remodeled in 2024. This TURNKEY property has a SINGLE FAMILY home in the front and a DUPLEX in the rear. It sits on a 195-foot-deep lot (8514 sq ft lot size) with room to build or add an ADU. This property has an electric gate for privacy and security. The complete remodel has permits and improvements signed off by the city of Compton and the city pre-inspection has been completed. FRONT HOUSE has a new Roof & new Gutters, new Windows & Blinds, new Doors, new 100amp Electrical panel, pre-wired for solar or charging station, new kitchen with all new stainless steel appliances, stove, microwave, Refrigerator and dishwasher, new Heater & New Hot Water Heater, new Plumbing, new drain lines, new laundry hookups, new Remodeled bathroom, new recessed lighting and new Vinyl Flooring. The house comes with 5 off street parking spaces including a free-standing garage and 5 remote controls for the electric security gate REAR DUPLEX Unit A&B have new Kitchens with Butcher Block counters & new Refrigerators & new Stoves, new Roof & new Gutters, new Windows & Blinds & New Doors, new Heaters, new Plumbing, new Vinyl Flooring and a new Hot Water Heater. Units A & B each come with 2 parking spaces off street with 2 Remote Controls for the electric gate. This property has NO deferred maintenance. This amazing property has a high return with low maintenance and great upside and long-term potential FINANCIALS: 6.8 % Cap Rate with Actual Income & Expenses. House is currently rented for $3350 a month Unit A in the rear is currently rented for $2,100 a month. Unit B is currently rented for $2300 a month Actual Income $7,750 a month Annual Income $93,000 Current Expenses. $50 Gardner $85 per month for water. Units A&B $4050 annual insurance $175 permits $13,885 annual property taxes (based on sales price) $18,245 Annual expenses. No local rent control Subject to AB 1482 state wide rent control
Location
State CA
County Los Angeles
Area Rn - Compton N Of Rosecrans, E Of Central
Zoning CORM*
Interior
Interior Features Ceiling Fan(s), Block Walls, Granite Counters, Recessed Lighting
Heating Wall Furnace
Flooring Laminate
Fireplaces Type None
Laundry In Kitchen
Exterior
Parking Features Assigned
Garage Spaces 2.0
Pool None
Community Features Gutters
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
View Y/N No
View None
Building
Lot Description Front Yard, Near Public Transit
Sewer Public Sewer